Last Friday, Fibocom released an announcement stating that the company is planning to issue H shares and aims to list on the main board of the Stock Exchange of Hong Kong Limited.
Fibocom explained that this move is intended to meet the demands of the company's globalization efforts, further advance its global strategic layout, enhance its global brand recognition and overall competitiveness, and consolidate its leading position in the industry.
On March 21, Fibocom held the 11th meeting of its fourth Board of Directors and the 11th meeting of its fourth Supervisory Board, during which proposals related to issuing H shares and listing on the Hong Kong Stock Exchange were reviewed and approved. Currently, Fibocom is in discussions with relevant intermediary institutions regarding the specifics of this issuance and listing. Although some details have yet to be finalized, the company has clearly stated that it will comply with the necessary filing and approval procedures as required by relevant laws and regulations.
The announcement also noted that there is significant uncertainty regarding whether this issuance and listing will pass the review, filing, and approval processes and be successfully implemented.